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Flyht Aerospace Solutions Ltd
Symbol FLY
Shares Issued 163,045,548
Close 2014-04-22 C$ 0.61
Market Cap C$ 99,457,784
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Flyht counts one million flights for AFIRS

2014-04-23 07:21 ET - News Release

Mr. Bill Tempany reports

FLYHT'S TECHNOLOGY ACHIEVES MAJOR MILESTONE WITH ONE MILLION FLIGHTS

Flyht Aerospace Solutions Ltd.'s flagship Automated Flight Information Reporting System has reach a major milestone, having surpassed one million flights on board customer aircraft. Bill Tempany, chief executive officer of Flyht, said: "The steady growth of flights is exciting. The value received by our customers using AFIRS continues to grow as we add services to our existing applications. Flyht's focus for the coming years will be to increase the applications available to our customers and the value we can bring to them on each and every flight."

Customer feedback highlights the value AFIRS provides: "FIRST (Fuel Initiative Reporting System Tracker) is a key element to any fuel conservation initiative, it is the big 'M' within the PEMC framework -- plan, execute, measure, correct. And the system does it accurately and timely, always."

Other customer feedback includes, "Flyht knowledge and flexibility to accommodate specific requirements is remarkable and makes the AFIRS and FIRST solutions a 'must have' solution for the aviation companies engaged to be the most efficient as possible in terms of fuel usage."

The company has been tracking customer flights and flight hours since AFIRS's commercial inception in 2005. In 2012, Flyht announced that AFIRS had flown one million flight hours on board customer aircraft. Since that achievement, flight hours have grown to over 1.5 million, showing how quickly they are multiplying. This growth in flights and flight hours demonstrates customer's increased use of the technology and is linked to the company's recurring revenues.

Flights and flight hours are updated monthly and can be viewed on Flyht's website. Flyht has 40 customers with AFIRS installed on over 400 aircraft. The company continues to add certification and now has approval to install the next-generation technology, AFIRS 228, on eight widely used commercial aircraft brands and models in addition to over 30 certifications received for the AFIRS 220.

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